Question

This is the trial balance of Solis Company on September 30.

The October transactions were as follows.Oct.5. Received $1,300 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,100. 15 Paid employee salaries $1,200. 17 Performed $600 of services in exchange for cash. 20 Paid $1,900 to creditors for accounts payable due. 29 Paid a $300 cash dividend. 31 Paid utilities $400.Instructions(a) Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Service Revenue, Salaries and Wages Expense, and Utilities Expense.(b) Journalize the transactions, including explanations.(c) Post to the ledger accounts.(d) Prepare a trial balance on October 31,2014.